Banks’ push for Libor substitute gains pace on new Sonia
TARRED by a fixing scandal that struck at the height of the financial crisis, bankers and investors for years have been grappling with finding...
Peso drops further on US yields
THE PESO sank to a fresh one-month low on Tuesday as the dollar strengthened on the back of higher US Treasury yields.
The local currency...
Treasury makes partial award of T-bills as bids by banks increase
THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered on Monday, with investors preferring the shorter-dated papers and asking for...
Lenders, e-money issuers set up InstaPay platform
By Melissa Luz T. Lopez, Senior Reporter
BANKS and e-money issuers have set up a new clearing house for real-time fund transfers yesterday, with seven...
RCBC sells senior notes
RIZAL Commercial Banking Corp. (RCBC) will offer a second tranche of its unsecured fixed rate notes worth $150 million this week under its medium-term...
China bolsters lenders vs shadow industry
INVESTORS who pushed up Chinese bank shares last week on news of lower reserve requirements may have been celebrating too soon.
The subtext to Tuesday’s...
Peso sinks to one-month low vs dollar
By Melissa Luz T. Lopez, Senior Reporter
THE PESO plunged to a one-month low Monday, Apr. 23 as the dollar gained strength, propped up by...
Rates of T-bills, T-bonds to climb
By Elijah Joseph C. Tubayan, Reporter
YIELDS on longer-dated government securities will likely increase to track their US counterparts and bets of policy tightening both...
UCPB net earnings go up in Q1 on growth in core businesses
By Melissa Luz T. Lopez, Senior Reporter
THE UNITED Coconut Planters Bank (UCPB) saw its net income surge by a fifth during the first quarter,...
Government debt yields end flat as market searches for new leads
YIELDS ON government securities (GS) moved sideways last week as investors remain on the lookout for fresh leads amid lack of clear direction for...
Peso likely to weaken
THE PESO could weaken against the dollar this week on bets of stronger economic growth in the United States as well as hawkish comments...
BDO Q1 net profit flat; sets 2018 guidance at P31-B
By Melissa Luz T. Lopez, Senior Reporter
BDO Unibank, Inc. said net profit was little changed in the first quarter at P5.9 billion, behind the...